Bloomberg

Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences.

The clothing manufacturer which markets its products under brands such as ‘W’, ‘Aurelia’ and ‘Wishful’, is looking to raise about Rs 1,125 crore by selling 1.6 crore equity shares at Rs 714-716 apiece. The company operates through 465 exclusive brand outlets, 1,469 large-format stores and 1,522 multi-brand outlets located across 31 states and union territories.

After the share sale, the promoter holding in TCNS Clothing will fall to 32.4 percent from 43.7 percent earlier.